As the Financial Times helpfully points out, Deutsche’s stock is at it’s lowest level since 1999. It’s down 39% since the start of 2016, and 88% from its high of May 2007.

This would be painful at any bank, but as you may already know – it’s worse at Deutsche. Since 2012, the German bank has forced its most senior managing directors to wait a full five years before they can even get a sniff at their bonuses. While bankers at other firms might be able to cash out of some of their employer’s falling stock before the rout, Deutsche’s MDs are therefore powerless to do anything but watch as the bank’s shares – and their deferred bonuses, collapse in value.

Separately, Charlie Stenger, a currency-broker-turned-recruiter, who works for search firm Sheffield Haworth in Chicago, has some blunt things to say to anyone concerned about the durability of their job in finance. Firstly: you need to start saving money now. -Stenger lost his job at ICAP and says it’s a whole new world when you’re not employed. “There were periods where I wouldn’t make money for 90 days at a time,” he tells Bloomberg, “and the insurance bill was still due every month, and the rent and the car payments.” Secondly, you need to dispense with the idea that you’ll find a new job paying the same as your last one. “Your stock goes down once you lose your job, and that’s just the nature of the beast,” says Stenger: plan for a 25% reduction in pay.